“As business leaders we are passionate about this country’s growth and prosperity. Britain is a trading nation and we agree with the Prime Minister that our best chance of success is as part of a reformed Europe. We need a new relationship with the EU, backed by democratic mandate.”

Of the 54 signatories, however, at least 18 are known to have given cash to the Conservatives. Yet more may be members or supporters.

The news comes after a similar letter — drafted by the chief executive of Next, Simon Wolfson — was linked to those bankrolling the part. The note, which backed Osborne on his cuts to public services, was penned by Wolfson after £293,250 of donations were rewarded with a peerage.

Doubtless a few of the 54 will be hoping to acquire some ermine for their wardrobes.

One comment on “Business leaders backing Cameron on Europe gave £10m+ to Tories”

It will be very difficult for the Tory party if a vote to leave the EU comes out of the 2017 referendum. They could alienate donors like these who may blame them for the vote happening in the first place.

Personally I think people should have a say, and that people who want to stay in Europe should campaign as hard as those who want to leave. On balance I think we should stay in – what would happen to British people who want to work in the EU, for example, if we left?